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Avenira Ltd.

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Summary

Project:

Baobab

Deposit:Baobab
Location:Republic Of Senegal
Commodities:Phosphate
Date:9/11/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:11-9-2017: Avenira Ltd. announces an Exploration/Drilling Update report for its Baobab deposit at the Baobab project. Drilling results incl. 7m @ 25.2% P2O5 from 26.2m. Avenira Limited ('Avenira' or 'the Company') is pleased to advise it has received resu
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Bizouerne Franck (Internal)
ABSTRACT:Avenira Limited ('Avenira' or 'the Company') is pleased to advise it has received results from recent exploration that has built confidence in the larger-scale potential of the Baobab Phosphate Project in the Republic of Senegal. The new exploration results, combined with previous drilling data, indicate the Gadde Bissik phosphate mineralisation extends broadly east-west for more than 20 km in varying widths and thicknesses. Earlier this year Avenira applied for an Exploitation Permit (previously referred to as a Large Mine Permit) to replace the current Small Mine Permit (SMP) as part of the longer-term expansion strategy. Avenira CEO Louis Calvarin said, “These results are very positive and further demonstrate the validity of our geological models. The indication that the mineralisation around the Company’s Gadde Bissik SMP extends, with varying widths and thicknesses, over a length of more than 20 kilometres, is particularly promising.”

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